Modeling Business Transactions from the Value and Collaboration Perspective

Business collaborations between actors encompass different business objectives, such as making product awareness, buying or selling specific products or goods, providing post-sale services, and so forth. Thereby, a clear identification of required business transactions is vital for modeling complex business collaboration, as well as for their further implementation with IT systems. Although value-oriented approaches are used to model businesses, a question remains about how to systematically identify business transactions and the values exchanged by these transactions. In this paper we propose a method for creating more exploratory business models using a defined class of business transaction as a basis for identifying the exchanged values spanning entire collaboration life-cycles.